We know that median prices are a terrible way to gauge pricing, but they can indicate the relative temperature of the higher-end market. If we see the median price rising, then there are more of the higher-end homes selling than in the previous period.
Here are the year-over-year median-price comparisons for detached sales around North San Diego County’s Coastal region for the second quarter, and first half of the year (from our MLS):
|Town or Area|
|SE Carlsbad, 92009|
|SW Carlsbad, 92011|
|Carmel Vly, 92130|
The TV talking heads will have a field day if the median prices are trending lower after everyone has been calling bottom, but all we really know is that the lower-end has been hotter than the higher-end.